Bakhriddin Begakov


Status: Paying Back

$2,275.00   Loan Amount
28% repaid

About the Entrepreneur

Name: Bakhriddin Begakov
Location: Shahrituz, Tajikistan
Activity: Animal Sales

About the Loan

Loan Amount: $2,275.00
Loan Use: Purchasing small cattle for developing business.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 10, 2009
Date Disbursed: Jun 9, 2009
Date Funded:Jul 8, 2009

About the Country

Country:Tajikistan
Avg Annual Income:$1,388.00
Currency:Tajikistan Somoni (TJS)
Exchange Rate:4.3983 TJS = 1 USD



Begakov Bakhriddin is a gentleman who has dedicated himself to the business of farming and livestock for the past 3 years. He is married and has a daughter. Currently he is faced with the need to invest in the purchase of cattle. For this simple reason he is seeking the support of IMON International to obtain a loan for the purchase of cattle to sell. Bakhriddin is grateful to everyone supporting him.

More about Tajikistan and IMON International

Tajikistan is known for its rich history, which includes a key post along the Silk Road and the end of Alexander the Great's rule. It has also produced great thinkers, philosophers, scientists and poets, including Rudaki, Avicenna, Ferdowsi, Omar Khayyam, Jomi, and Rumi. The country is home to communities that still speak the ancient Sogdian language, epic mountain passes, and a civilization that dates back to the 4th millennium BC. And, even today, it is a complex mixture of the Islamic faith, Soviet culture, New West culture and Central Asian traditions.

But Tajikistan is also the poorest of the former Soviet republics. The civil war, which ignited soon after its independence from the U.S.S.R., further damaged the already weak economy. In addition, 93% of the country is mountainous and only 7% of the land is arable. These conditions have resulted in high levels of unemployment and have forced hundreds of thousands to seek work in other countries, mainly Russia. While the people of Tajikistan are working to improve its agricultural production and manufacturing sector, nearly two-thirds of the population still live in abject poverty.

IMON's History

Since December 2007, IMON International has worked closely with Kiva and Kiva lenders to ensure that poor and low income clients represent a viable business proposition. Funds raised through Kiva have already been distributed to thousands of IMON International's clients and will continue to provide thousands more with permanent access to the varied financial services they need. To learn more about IMON International's work, please visit: www.imon.tj







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Journal entries for Bakhriddin Begakov


Loan has been disbursed
 
Entrepreneur: Bakhriddin Begakov
Location: Shahrituz, Tajikistan

Thank you for your loan. It has been disbursed to Bakhriddin Begakov by IMON International in Tajikistan. We are excited to watch this business grow. Over the 12 months of this loan, IMON International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Shahrituz, Tajikistan
Jul 9, 2009
Comment on this entry

Kiva Help Repayment Schedule for Bakhriddin Begakov

  Expected Repayments Actual Repayments Comments
September 2009 $151.41 $151.41 Repayment Received
October 2009 $157.46 $157.46 Repayment Received
November 2009 $163.76 $163.76 Repayment Received
December 2009 $170.31 $170.31 Repayment Received
January 2010 $177.12 Available Jan 1  
February 2010 $184.21 Available Feb 1  
March 2010 $191.58 Available Mar 1  
April 2010 $199.24 Available Apr 1  
May 2010 $207.21 Available May 1  
June 2010 $215.50 Available Jun 1  
July 2010 $224.12 Available Jul 1  
August 2010 $233.08 Available Aug 1